Anthony Hicks thought he was getting a bargain when he saw Northwest Airlines stock trading for $1.70 per share. Now, after watching those shares become worthless, a lesson sinks in for Hicks and others who bought Northwest at rock-bottom prices: “Don’t mess with any stocks when a company is going through bankruptcy,” Hicks said.
Express Scripts Inc.’s chief legal officer, Thomas Boudreau, adopted a prearranged stock-trading plan, the company said Wednesday in a regulatory filing.
Martha Stewart Living Omnimedia Inc. shareholders has received approval for a $30 million settlement in a lawsuit that claimed the company founder and other executives lied about the risks posed to the company by the investigation into her stock trading.
China increased its tax on share trades, leading to a 6.5 percent drop in its main stock index and jitters throughout Asian markets. Joseph Popiolkowski reports from Hong Kong.
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